Rayong steel company suspends operations due to lack of demand

13 Sept 15:25 Key points summarised by AI

Nippon Steel Steel Processing (Thailand) in Rayong suspended operations from November 9th, citing a steady drop in sales and output far exceeding customer demand.
The company assured employees 75% of their salaries during the suspension, with some potentially retained on full-time work for normal pay.
The duration of the operational suspension was not specified by the company.
This move follows recent closures and layoffs at other companies in the region, such as Hi Trend Company and a car tyre canvas plant, also attributed to declining product demand.

New home loan scheme aims to boost property sector with Bt125 billion

Yesterday 11:38 Key points summarised by AI

The Cabinet approved a new Bt50-billion 'A House for Each PLUS' home loan scheme from the Government Housing Bank, offering up to Bt3 million with 40-year repayment terms for low- and middle-income earners.
This initiative aims to significantly boost the property sector and national economy, projecting to generate Bt125 billion in economic activity and create jobs.